Yamaha to increase cost cutting, report says

JohnLetzing

SAN FRANCISCO (MarketWatch) - Yamaha Corp. will increase efforts to cut costs this year, in order to work toward a 3 billion yen [$31.3 million] annual pretax profit, according to a report published Thursday.

In addition, Yamaha should benefit from moves made last year, including the amortizing of goodwill of two audio-equipment subsidiaries in Europe, which lowered costs this year by 1.3 billion yen, the report said.

Other "structural reforms" implemented last year by Yamaha -- including the withdrawal from a loss-making silicon microphone operation -- will reduce depreciation charges by 2.7 billion yen, Nikkei reported.

Yamaha's hoped-for 3 billion yen group pretax profit this fiscal year, which ends March 2010, nonetheless would represent a 75% decline from the previous year, according to the report.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.